Rush Street Interactive's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Rush Street Interactive (NYSE:RSI) is scheduled to release its quarterly earnings report on March 6, 2024. Analysts predict an EPS of $-0.03. Historical data shows that RSI's stock price reacts positively to earnings beats and guidance. Last quarter, RSI beat the EPS estimate by $0.03, leading to a 6.21% stock price increase. Over the past year, RSI shares have risen by 52.76%, indicating bullish sentiment among long-term shareholders.
March 05, 2024 | 3:03 pm
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POSITIVE IMPACT
Rush Street Interactive is expected to report an EPS of $-0.03 for the upcoming quarter. Historical performance indicates a positive reaction to earnings beats and forward guidance. Shares have increased by 52.76% over the last year, showing strong investor confidence.
Given RSI's history of positive stock price reactions to earnings beats and the bullish sentiment indicated by a 52.76% increase in share price over the past year, it's likely that any positive earnings surprise or optimistic guidance could lead to a short-term increase in RSI's stock price. The anticipation of the earnings report and historical performance suggest a high relevance and importance of this event for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100